Diamondcorp PLC (#DCP) - £2million open offer at 10p
- 2015-06-16 23:03:25
UK 08:33 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at DiamondCorp, Greatland Gold, Toumaz
John Meyer of SP Angel this morning comments on Ormonde Mining, Kenmare, DiamondCorp and Ferrexpro as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
South African gem miner DiamondCorp (DCP) is coming in for favourable analysts’ attention after clinching a four-year pay deal with mineworkers at its restarted Lace mine in Free State Province and reaffirming its plan to start mining the key Upper K4 (UK4) block at Lace from the second half of this year. Headquartered in London and quoted on AIM, the company, whose shares had collapsed from a 90p float price in 2007 to a recent low of 5.38p, has seen them edge forward to 7.75p, for an AIM tag of £22.3 million, amid hopes that UK4, where DiamondCorp says underground core drilling continues ‘to delineate significant volumes of high-grade kimberlite material’, could eventually achieve annual output of 500,000 carats.
Few companies whose shares have fallen 93 per cent since flotation can be expected to show a bullish face to the world. One exception is Diamondcorp (DCP), floated at 90p on AIM in 2007 to restore underground diamond mining at South Africa’s historic Lace mine 200 km south-west of Johannesburg in Free State province and now trading at a mere 5.75p, for a stock market value of only £18.13 million.
